Category Archives: Economics

Gains from trade versus(?) subjective wellbeing

This year I’ve been learning basic economics. It’s a cool subject. One interesting concept is “gains from trade”. The idea is that a person probably only participates in a trade if they think they’d benefit from it. If two parties … Continue reading

Posted in Economics, Entropy, Inference | 3 Comments

Markets and Auckland Housing

Like many similar cities around the world, Auckland housing has become much more expensive very rapidly over the last few years. There are many reasons for this, and it is having various effects, positive for some (e.g., those whose houses … Continue reading

Posted in Economics | Leave a comment